316 S 8th St, Reading, PA 19602

Reading
Local realty services provided by:ERA Martin Associates
316 S 8th St,Reading, PA 19602
$274,900
  • 2 Beds
  • - Baths
  • 2,134 sq. ft.
  • Multi-family
  • Active
Listed by: jose vazquez
Office: light house realtors, llc.
MLS#:PABK2071194
Source:BRIGHTMLS

Price summary

  • Price:$274,900
  • Price per sq. ft.:$128.82

About this home

Investors and house hackers — the math on this one just got better. We pulled 316 S 8th Street off-market briefly to rehab every unit to rent-ready, and we dropped the price $25K to $274,900. So you're now buying a turnkey, fully vacant 4-unit in one of PA's most renter-hungry markets — 60% of households rent, studios are pulling $875–$1,100/mo and 2-bedrooms are pushing $1,200–$1,500+. Run the numbers: rent-ready from day one means no rehab lift and no lag to cash flow. Lease all four at market for a gross rent roll of $3,825–$4,800+/mo — roughly $45K–$57K a year against a $274,900 buy. Every unit has its own separate electric heat and each tenant pays their own utilities, so operating expenses stay lean and net income stays fat. No utility bills eating your returns. Still maximum flexibility: stack all four for income, or move into the 2-bedroom and let three tenants cover your mortgage while you build equity. And because it's delivered vacant, there are no inherited leases and...

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Home facts

  • Year built:1900
  • Listing ID #:PABK2071194
  • Added:65 day(s) ago
  • Updated:June 27, 2026 at 04:36 PM

Rooms and interior

  • Bedrooms:2
  • Living area:2,134 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1900
  • Building area:2,134 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$274,900
  • Price per sq. ft.:$128.82
  • Tax amount:$1,232 (2025)

Features and amenities

  • Amenities:Electric Available

Parking

  • Parking description:On Street

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